Hong Leong, TPG buy Columbia hospitals in three countries

Takeover: A Columbia Asia hospital in Nusajaya, Gelang Patah in Johor. Hong Leong and TPG will acquire 17 Columbia Asia Hospitals: 12 hospitals in Malaysia, three in Indonesia and two hospitals in Vietnam.

Hong Leong Group (HL) and private equity firm TPG have won the bid to acquire Columbia Asia Hospitals in South-East Asia.

The transaction is valued at an estimated US$1.2bil and is expected to close by the end of this year, the companies said in a joint press release yesterday.

Stay tuned for a new offer coming to you soon.

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